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DavidBelleFX

EURCAD potential descending triangle forming

Euro / Dollaro canadese (FX:EURCAD)  
DavidBelleFX  
FX:EURCAD   Euro / Dollaro canadese
EURCAD euro europe canada Triangle breakout technical Technical Analysis pips analysis admiralmarkets
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eurcad euro europe canada triangle breakout technical technicalanalysis pips analysis admiralmarkets
EURCAD is potentially forming an interesting descending triangle. A break of the structure to the upside could see a continuation of the trend.

UPDATE: the breakout has occurred. Many believe EURCAD has bottomed. Something to think about, possibly.

As of this update, price is resting at approx +80 pips.

UPDATE 2: Price came back to test the trendline and the breakout has momentum behind it.

Form your own opinions. This is not to be interpreted as investment advice.

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